Five-Unit Apartment
821 W 800 S, Salt Lake City, UT 84104
For Sale
$2,500,000
Residential, Salt Lake City, UT
Property Size6,774 SF
Lot Size0.16 Acres
Price / SF$369.06
Days on Market47
Property Features for 821 W 800 S
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Exterior features
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Real Estate Essentials
(801) 610-9563
Listed By:
Brandon Johnson · License #5497335-SA00
(801) 815-6464
Added: Sep 22
Changed: Oct 28
Last Checked: Nov 7 at 9:06PM
MLS# 2186972
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2026 apartment property comprises five units on a 0.16-acre site in Salt Lake City. The development includes 15 bedrooms and four private built-in garages. One ground-level residence combines permitted commercial space with direct street access and storefront-style windows, supporting an owner-occupied live/work arrangement or another approved business use. The residential units feature open-concept living areas, quartz countertops, white shaker cabinetry, stainless-steel appliances, light-oak luxury vinyl plank flooring, and matte-black finishes. Additional property features include vaulted ceilings, covered patios and decks, aluminum and brick construction, electric heating, and covered parking.
The property is located at 821 W 800 S near Downtown Salt Lake City's Granary District. The surrounding context includes access to freeways, public transportation, dining, shopping, and entertainment. Multi-Family zoning is identified for the property.
The property is located at 821 W 800 S near Downtown Salt Lake City's Granary District. The surrounding context includes access to freeways, public transportation, dining, shopping, and entertainment. Multi-Family zoning is identified for the property.
Key Highlights
- Five‑unit apartment development completed in 2026
- 15 bedrooms across the property
- Four private built‑in garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,216
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,964,320
$2.0M
Cap Rate 7%
$1,403,086
$1.4M
Cap Rate 9%
$1,091,289
$1.1M
Market Conditions
NOI Build-Up for 6,774 SF
Gross rent
$145.5K $21.48/SF
− Vacancy
−$14.6K −$2.15/SF
EGI
$131.0K $19.33/SF
− OpEx
−$32.7K −$4.83/SF
NOI
$98.2K $14.50/SF
Area
Salt Lake City, UT
Vacancy
10.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,964,320
Cap Rate 7%
$1,403,086
Cap Rate 9%
$1,091,289
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,216 @ 7.0% cap · market cap 3.93%
Second Best
Mixed Use
$1.34M
$1.17M – $1.56M
NOI $93,481 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,751 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
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Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Salt Lake City, UT
Properties on Market for Apartment buildings in Salt Lake City
Vacancy Rate% for Office in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Apartment building - New construction includes permitted ground-level commercial space with direct street access and storefront-style windows.
Where is this apartment building located?
The property is located at 821 W 800 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Five‑unit apartment development completed in 2026; 15 bedrooms across the property; Four private built‑in garages
